Bitcoin Price Falls. The House Just Introduced a New Crypto Bill. — Barrons.com

By Elsa OhlenBitcoin price slipped to its lowest level in ten days even as major regular developments for the crypto industry look to be underway in the U.S.Bitcoin is down 2.2% to $105,565 over the last 24 hours, according to CoinDesk data. It follows a week where the world's largest crypto has mostly hovered between $107,000 and $110,000 after hitting a record high of over $111,000 last week.Bitcoin is still up over 50% in the last 12 months.Ether and XRP fell about 4% each early Friday, while Solana dropped 5%, according to CoinDesk, while futures tracking the S&P 500 was down 0.2%.In what could become the second big congressional effort to regulate the U.S. crypto industry, the House of Representatives introduced the Digital Asset Market Clarity (CLARITY) Act, which "would establish a regulatory framework for digital assets in the United States," Thursday.It comes after the Senate last week advanced legislation for stablecoins--a type of digital tokens pegged to a fiat currency.Crypto analysts have attributed a strong month for many big cryptos to an improving regulatory landscape, ETF inflows, corporate interest and some macro tailwinds. Bitcoin is up 10% over the past 30 days, while Ether has soared 45%.XRP is trading largely flat over the past month while Solana has dropped 5%.Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.